Planet Labs PBC (NYSE:PL) shares are in the spotlight, with earnings on deck, key growth metrics in focus and a technical setup showing the stock trading below every major moving average.
Earnings Preview & History
Planet Labs is scheduled to report second-quarter fiscal-year 2027 earnings on September 3 after market close. Analysts estimate a loss of 2 cents per share along with revenue of $104.12 million. For the prior quarter, Planet Labs reported EPS of negative 3 cents, beating the consensus estimate of negative 4 cents by 25%. The company also posted revenue of $94.15 million, beating the consensus estimate of $89.85 million by 4.78%.
Backlog, Defense Growth, FY27 Guidance in Focus
Investors will be closely tracking backlog and remaining performance obligations, which stood at approximately $906 million and $816 million, respectively, at the end of the first quarter, up more than 70% year-over-year, as a key indicator of future revenue visibility. Defense and intelligence segment growth will also be in focus, given it grew more than 65% year-over-year last quarter and has become the company’s primary growth driver, alongside any updates on international contract wins and the pace of Pelican satellite deployments.
Commentary on full-year fiscal 2027 guidance, currently set at $425 million to $441 million in revenue with adjusted EBITDA between breakeven and $10 million, along with progress toward sustained positive free cash flow, should offer additional signals on whether Planet Labs can justify its valuation heading into the back half of the year.
Planet Labs Trades Below Every Major Moving Average
From a trend perspective, PL is still in a defensive posture: it’s trading 13.8% below its 20-day SMA, 19.6% below its 50-day SMA, 37.7% below its 100-day SMA, and 27.3% below its 200-day SMA. That “below all the key averages” setup typically means rallies can run into supply faster than they find follow-through.
The moving-average structure also leans bearish, with the 20-day SMA below the 50-day SMA and a death cross in August (the 50-day SMA below the 200-day SMA). In longer-term trend work, that combination often signals the stock needs time (and multiple closes back above key averages) before the trend picture improves.
MACD is the cleaner momentum lens right now: it’s below its signal line and the histogram is negative, which points to fading upside pressure versus the prior upswing. In plain terms, when MACD sits below its signal line, it usually means momentum is cooling unless buyers can push price back into a stronger uptrend.
Near-term levels are tight, which can make Tuesday’s open important if volatility picks up with the futures tone:
- Key Resistance: $21.00 — a round-number area that can cap rebounds before the stock can work back toward its short-term moving averages
- Key Support: $19.50 — a nearby floor traders may defend, sitting right around the current trading area
Planet Labs Shares Drop
PL Price Action: At the time of publication, Planet Labs shares are trading 1.91% lower at $19.47, according to data from Benzinga Pro.
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